Dutch companies to invest in Indian retail

Two Dutch companies are investing 450 million dollars (nearly Rs 3000 crores) in retail assets in India. APG Asset Management is a pension fund and Xander is an investment firm. The two firms have bought three shopping centers in the country. APG is investing 77 per cent of the funds, and Xander the rest. As per a Xander Group executive the transaction could be worth between Rs 2,000 crore and Rs 2,500 crore, making it one of the largest deals in the retail real estate segment in recent times.